California Health and Safety Code

§ 50784.5

HSC § 50784.5 Effective Jun 30, 2022Div. 31 · Part 2 · Ch. 11

Statute text

(a)The department may make loans from the fund to a qualified nonprofit housing sponsor or a local public entity pursuant to subdivision (a) of Section 50783, provided the following conditions are satisfied:

(1)No less than 30 percent of residents at the time that the loan application is filed are low income.

(2)Loans may be provided pursuant to this section if either of the following applies:

…

Legislative history

Amended by Stats. 2022, Ch. 70, Sec. 29. (SB 197) Effective June 30, 2022.